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PNC · 1 day ago

Commercial Underwriter III

Cherry Hill, NJ

Full-time

Onsite

Mid Level

$94K/yr - $126K/yr

3+ years exp

PNC is a company that values its people as its greatest differentiator and competitive advantage. They are seeking a Commercial Underwriter III to work independently, preparing loan offerings and managing portfolios while ensuring compliance with internal policies and external regulations.

BankingFinanceFinancial Services

No H1B

Responsibilities

Works independently with little or no oversight

Exercises exception and elevated approval authority

Prepares loan offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned

Interacts with internal/external customers

Serves as a subject matter expert for certain asset classes, and may represent or lead the department on special projects or assignments

Using independent judgment to identify risks and mitigants, prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties

If relevant, performs ongoing credit risk management for assigned portfolio

May coach and/or review the work of other underwriters and fill in for manager as required

Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information

Performs relevant pre-approval and post-approval activities

Identifies and/or confirms all external regulatory requirements

Ensures internal policies/procedures are followed

Makes recommendations on credit decisions or makes credit decisions directly, as appropriate

Qualification

Credit DecisionsFinancial AnalysisRisk AssessmentsIdentifying RisksDecision MakingCoaching OthersManaging Multiple PrioritiesEffective CommunicationsAttention to Detail

Required

Works independently with little or no oversight

Exercises exception and elevated approval authority

Prepares loan offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned

Interacts with internal/external customers

Serves as a subject matter expert for certain asset classes

May represent or lead the department on special projects or assignments

Using independent judgment to identify risks and mitigants

Prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties

If relevant, performs ongoing credit risk management for assigned portfolio

May coach and/or review the work of other underwriters and fill in for manager as required

Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information

Performs relevant pre-approval and post-approval activities

Identifies and/or confirms all external regulatory requirements

Ensures internal policies/procedures are followed

Makes recommendations on credit decisions or makes credit decisions directly, as appropriate

Roles at this level typically require a university / college degree, with 3+ years of relevant / direct industry experience

Certifications are often desired

In lieu of a degree, a comparable combination of education and experience (including military service) may be considered

Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions

Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities